Breedon Group (LON:BREE) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Breedon Group plc (LON:BREE)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 363.13 and traded as low as GBX 322.60. Breedon Group shares last traded at GBX 328.60, with a volume of 1,986,382 shares.

Analysts Set New Price Targets

BREE has been the subject of a number of research reports. Citigroup decreased their price objective on Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating for the company in a research report on Thursday, November 27th. Royal Bank Of Canada decreased their price target on shares of Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating for the company in a report on Friday, November 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 540 price objective on shares of Breedon Group in a research note on Monday, September 8th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 500 target price on shares of Breedon Group in a research report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Breedon Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 476.25.

Breedon Group Trading Up 0.2%

The firm has a market capitalization of £1.14 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a fifty day moving average price of GBX 331.22 and a 200-day moving average price of GBX 363.13. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Insider Buying and Selling

In other Breedon Group news, insider Clive Watson bought 7,456 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was bought at an average cost of GBX 317 per share, with a total value of £23,635.52. Also, insider Amit Bhatia sold 200,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of GBX 393, for a total transaction of £786,000. Insiders acquired 207,892 shares of company stock valued at $76,508,740 over the last quarter. Corporate insiders own 42.58% of the company’s stock.

About Breedon Group

Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain, Ireland and the USA, delivers essential products to the construction sector. Breedon holds 1.5bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services, including specialty materials, surfacing and highway maintenance operations, to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants.